User Account

All Pages

What interest rate would you need to be earned

Assignment Help Financial Accounting
Reference no: EM132894638

Question - You borrow $50,000 today. If the interest rate is 6 percent compounded monthly and you make monthly payments of $250, how long will it take you to pay off your loan?

Your retirement account has a current balance of $50,000. What interest rate would you need to be earned in order to accumulate a total of $1,000,000 in 30 years, by adding $8,000 annually?

Reference no: EM132894638

Questions Cloud

Explain clear distinction between globalism-globalization : Describe and explain a clear distinction between "globalism" and "globalization". (Use your own words)
Loss leader pricing and high and low pricing strategy : Alsmost all retailers will participate with a wide range of sale promotion that would point to their loss leader pricing and high/low pricing strategy.
Provide the effect on the reconciliation of Net Income : Provide the effect on the reconciliation of Net Income for Accounting Purposes to minimum Net Business Income/Loss for Tax Purposes
Country code and otr cycle time for software systems : Does the OTR time appear to be stable? Why or why not? What can you learn about the distribution of the installation process?
What interest rate would you need to be earned : What interest rate would you need to be earned in order to accumulate a total of $1,000,000 in 30 years, by adding $8,000 annually
Calculate the post-retirement benefit expense : Defined post-retirement benefit obligation at January 1, 2020, 1,823,800. Assuming Opsco follows IFRS, calculate the post-retirement benefit expense for 2020
Complete marketing plan : Develop the initial outline of your Complete Marketing Plan. Where do you want to market your product?
Different motivational methods : Analyze whether you anticipate needing different motivational methods applying your selected theories according to the ages, races, national origins
What is the income distribution deduction : Rental income of $4,500. Rental expenses of $1,100. Assuming distributions to beneficiaries in Year 3 are $42,000, what is the income distribution deduction

Reviews

Write a Review

Financial Accounting Questions & Answers

  Equation method-determine for the unit sales

Lin Corporation has a single product whose selling price is $140 and whose variable expense is $70 per unit. The company’s monthly fixed expense is $31,900. Using the equation method, determine for the unit sales that are required to earn a target pr..

  What is the value of the option to wait

Hickock Mining is evaluating when to open a gold mine. The mine has 51,300 ounces of gold left that can be mined, and mining operations will produce 5,700

  What should be the book value of equity by end of next year

What should be the book value of equity by end of next year as a result of net income and dividend payout before any EFN is funded (in $ million)?

  Prepare the entries that sampson company would record

Prepare the entries that Sampson Company would record for the information above. If an amount box does not require an entry, leave it blank.

  Compute by how much would the afn for the coming year change

Compute by how much would the AFN for the coming year change if HHW increased the payout from 10% to the new and higher level? All dollars are in millions

  What the note will be reported on dansko statement

P800,000 at a 10% rate of interest is P1,989,600. The note will be reported on Dansko's 2017 statement of financial position at a carrying value of

  Preparation of journal entries for payroll accounting

Preparation of Journal entries for payroll accounting - Make the journal entry to record the February payroll, Record the journal entry for the employer's payroll taxes and Make the journal entry to record the employer's monthly payment of payroll ta..

  Day operation as well as developing the capital budget

You are the Administrator of the Radiology Department responsible for the day to day operation as well as developing the capital budget. Your capital budget for fiscal year 2015(July 1, 2014 to June 30, 2015)is $1 million. You have received two capit..

  Give the necessary journal entry

Cash of $9,500 was paid to complete the transaction. This exchange has commercial substance. Give the necessary journal entry.

  Find what amount martin company report as dividend income

Martin received P600,000 cash dividend from Paul Company. What amount should Martin Company report as dividend income for the current year?

  Compute krogers inventory turnovers for fiscal years ending

Compute Kroger's inventory turnovers for fiscal years ending January 31, 2015, and February 1, 2014, using: Cost of sales and LIFO inventory. and Cost of sales and FIFO inventory.

  Data relative to those activity cost pools and cost drivers

Flynn Industries has three activity cost pools and two products. It expects to produce 3,340 units of Product BC113 and 1,920 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the follow..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd